Possible new Gaia shares
GAIADilution
Known so far: no new shares from the prospectus covers read · shelf not limited by the baby-shelf rule · not yet read: warrants, converts, ATM.
Shelf room
- Room today not capped by the baby-shelf rule ($78.4M float, Jun 30, 2025)
How this is worked out
Shelf room on the S-3 of Jan 26, 2026: not limited by the baby-shelf rule, because the $78.4M public float stated as of Jun 30, 2025 is $75M or more. Sources: S-3 Jan 26, 2026, effective Feb 4, 2026 · public float, as of Jun 30, 2025.
What could become new Gaia (GAIA) shares: options and RSUs, each with the 10-Q, 10-K, S-3 or 424B filing it comes from.
Gaia dilution ladder
Every source of new shares on record, from the filings that created it.
25.4M outstanding; up to 26.9M fully diluted, +6%
- Outstandingas of Nov 2, 2026 (10-Q cover) · share count on the cover page25.4M
- +1.5M
Not stated in the filings we read: an ATM program, warrants, convertible notes.
Counts, sizes and prices as stated in each filing; the fully diluted count is arithmetic on them. Dollars become shares only at a price a filing states. Not advice.
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